Markets growing rapidly
It is clear that the pet treat and supplement markets have seen rapid growth in recent years (figure 1), which is creating an increasingly competitive environment, given that treats and supplements deliver higher profitability compared to food. Even though this growing and dynamic market is a great opportunity for treat manufacturers, there are real challenges to consider. For example, the perceived value of a functional treat can be questioned when the pet consumes a commercially produced "nutritionally complete diet", so the value proposition for the functional treat must be clear to differentiate it from this complete food.
This means that the functional treat should provide extra nutrition that is known to address the needs of pets in an individual way, similar to the way we address our own health concerns or those of our family. Fortunately, as knowledge increases about the health benefits provided by specific nutrients or functional ingredients, pet owners are becoming more comfortable adopting a supportive and preventative approach to managing their pet's specific health issues.
Need for supplemental nutrition
In the human snack sector, there are many products that promote clear health messages. Some of these products address simpler concerns regarding ingredient provenance, such as natural, "free from" particular ingredients and allergens or low in particular nutrients, salt or fat, for example. When surveyed by DSM (Market Tools, 2011), over 80 per cent of people agreed that they are health-conscious. Thus, with an increasingly health-conscious and also aging…